All Forum Posts by: Justin Feliz

@Stone Wilson I suggest you read The Ultimate Beginner's Guide to Real Estate Investing if you haven't already. Also, if you purchase The Book on Flipping Houses you'll receive The Book on Estimating Rehab Costs for free. 

Sounds like the way to go, good luck! @Tanja Davidson

Appreciate it @Jay Kiehn @Robert Leonard

Should I become an agent before buying my first home or use another agent until I start building my portfolio and acquiring properties more frequently ? Is it worth paying the fees if I'm only buying 1 home a year for now?

@Donny Trana Thank you!

Hello BP!

I am currently living rent free until the end of this year and I am seeking advice on a back up plan in case my original one doesn't unfold like I want it to. I work full time in NYC and with the help of others, I have been looking into buying a potential multi-family in the city or surrounding areas, where I can comfortably travel to and from work. In case I cannot find one that accommodates to my situation both in price and location in the given time, should I continue renting through short-term leases until I find that deal, or purchase a single family home or condo/co-op to secure a place to live for the next couple of years until I decide to either sell it or move and rent it out? 

Here's some information so you can further assess the situation:  I currently have 10k in my real estate fund and can save another 10k in the next 6 months. After estimating maintenance expenses, If I purchase the single family, condo, or co-op It'll take me 8-9 months to save another 10k, which then can be used for the next property. I am only 23 so I don't mind waiting the extra year to get my first income-producing property, but rather house hack if the deal presents itself.

Any advice if appreciated.

Thank you! I am learning so much already. @Dmitriy Fomichenko

@Rodney Diamond Yes, the NYC market is a tough one. I've considered NJ and the Yonkers/White Plains area as possible markets to dive into as well. I just want to invest in locations that I can comfortably manage while maintaining my full time job. Thank you for the advice though, I am looking into it now!

@Larry Fried 

@James Wise

I am looking to get into multi-family properties. I currently rent, but have been preparing to buy a place of my own before the end of this year. I would love to get a multi-family and reside in one of the units. 

Hello all, 

I've been listening to the BP podcasts, which ultimately led me to sign up and get as much info as possible before I embark on my real estate investing journey. I look forward to everything BP has to offer and any advice is appreciated.